Red Square: The stock price on the first day of listing rose by 1917.42%.

GoldenOctober2024

Golden Ten Data reported on November 26 that the Red Sifang announced that the company will be listed on November 26, 2024, and the stock price will rise by 1917.42% on the first day of listing, exceeding the increase of similar listed companies, and there may be irrational transactions. The compound fertilizer and nitrogen fertilizer industry in which the company is located presents a certain seasonal Fluctuation, and the market demand is divided into off-peak seasons, so the production and sales of the company’s products also show corresponding seasonal characteristics, and the business performance is unevenly distributed within the year; If the company cannot accurately make market forecasts and adjust production arrangements and inventory scale in a timely manner, the company will face the risk of losing customers due to insufficient products in the peak sales season or overproduction due to overproduction in the off-season.

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